The reason why, every Indian IT majors are trying to stop america from going into protectionism mode is their 90% of the revenue comes from US. Yes the labour is "cheap" here - 24$ per hour.
Currently Indian IT majors have no or very low focus on local Indian consumers.
The IT majors have looked beyond US to de-risk their portfolio. IIRC, Infosys' dependence on US market is < 50% of their revenue. They are expanding aggressively in Europe etc.,
Currently Indian IT majors have no or very low focus on local Indian consumers.